Markets opened with results from major companies grabbing attention. Dabur, Swiggy, Coal India, Ambuja Cements, and Maruti Suzuki are in focus today. Some posted higher profits, while others reported losses or slow growth. Here’s a quick look at the top stock updates.
Stock Market on August 01
Dabur India
Dabur posted a Rs 508 crore profit in Q1, slightly higher than the previous year. The company sold a bit more, but overall demand remained weak, so growth stayed slow.
Swiggy
Swiggy reported a Rs 1,197 crore loss for the quarter, nearly twice as much as last year. Even though revenue grew 54%, costs jumped because Swiggy is investing more in Instamart.
Coal India
Coal India earned Rs 8,734 crore in profit, down 20% from last year. Both profit and revenue fell, likely due to lower demand or falling coal prices.
Ambuja Cements
Ambuja Cements made Rs 970 crore in Q1 profit, 24% more than last year. The company sold more cement and managed costs well, beating expectations.
Maruti Suzuki
Maruti posted a Rs 3,712 crore profit in Q1, a small increase from last year. Car sales didn’t grow much, but higher earnings from other sources helped lift profit.
